Ringwood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ringwood Neighborhoods Since 2000




Ringwood, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ringwood Housing Market Information

With 12,448 people, 3,829 houses or apartments, and a median cost of homes of $386,205, real estate costs in Ringwood are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Ringwood, accounting for 97.51% of the borough's housing units. Other types of housing that are prevalent in Ringwood include duplexes, homes converted to apartments or other small apartment buildings ( 1.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ringwood. Owner-occupied housing accounts for 95.44% of Ringwood's homes, and 79.69% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ringwood's housing was primarily built during this period, from the '40s through the '60s. A full 54.86% of the borough's housing hails from this era. Other housing ages represented in Ringwood include homes built between 1970-1999 ( 31.45%) and housing constructed before 1939 ( 7.38%). There's also some housing in Ringwood built between 2000 and later ( 6.31%).

Ringwood Home Appreciation Rates

Homes have actually lost value in Ringwood over the last then years, as home values have seen a decline of 22.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ringwood home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Ringwood appreciation rates have trailed the rest of the nation. In the last twelve months, Ringwood's appreciation rate has been 1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ringwood were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Ringwood's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$386,205

Ringwood, NJ HOME PRICES

Value Range
> $1,037,000 0.5
$778,001 - $1,037,000 4.3
$519,001 - $778,000 8.6
$414,001 - $519,000 18.5
$311,001 - $414,000 41.0
$208,001 - $311,000 22.8
$104,001 - $208,000 3.6
$52,001 - $104,000 0.3
$0 - $52,000 0.5

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.090237899918 43.4959349593496

Number Of Homes And Apartments:
3,829

Ringwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
33.35% 1.68% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,081 / per month

Homeownership Rate

Homeownership
Owners 95.44
Renters 4.56
Vacant 8.51

Housing Market Details

 

Age of Homes

AGE OF Ringwood HOMES
2000 or Newer 6.3
1970 - 1999 31.4
1940 - 1969 54.9
1939 or Older 7.4

Types of Homes

TYPE OF Ringwood HOMES
Single-Family 97.5
Townhomes 0.6
Small Apt. Buildings 1.6
Apt. Complexes 0.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ringwood HOMES
No Bedroom 0.00
1 Bedroom 1.27
2 Bedrooms 12.43
3 Bedrooms 52.19
4 Bedrooms 27.50
5 or more bedrooms 6.62

Popular Neighborhoods in Ringwood

Zip Codes in Ringwood, NJ